Fabulous centrally located investment opportunity. These new & modern four units with custom finishes affords a perfect owner-occupied luxurious lifestyle. The property was designed with a 2,000 ft.² owners three bedroom 3 1/2 bath home. The property consists of two, three bedrooms three bath homes and two one bedroom one bath apartments. The three bedroom units include gas fireplace. Superb location right off the 51 freeway with easy access to Sky Harbor Airport and Downtown Phoenix. Situated next to the Sprouts shopping center at 16th St. & Glendale. Adjacent to the canal with an easy walk to the Biltmore Hotel. Must see to appreciate!
For sale
$2,450,000
1611 E Lamar Rd, Phoenix, AZ 85016
8beds
8baths
5,600sqft
Est.:
Multi Family
Built in 2023
-- sqft lot
$-- Zestimate®
$438/sqft
$-- HOA
What's special
- 1 day |
- 128 |
- 5 |
Zillow last checked: 8 hours ago
Listing updated: 19 hours ago
Listed by:
Michael Banovac 602-571-4888,
RMB Realty LLC
Source: ARMLS,MLS#: 6974079
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Heating
- Ceiling
Cooling
- Ceiling Fan(s), Electric
Appliances
- Included: Disposal, Dishwasher, Refrigerator, Built-In Gas Oven, Microwave, Washer/Dryer
Features
- Flooring: Vinyl
Interior area
- Total structure area: 5,600
- Total interior livable area: 5,600 sqft
Property
Parking
- Total spaces: 8
- Parking features: Garage Door Opener, >1 Space Per Unit, On Street, Carport
- Has garage: Yes
- Has carport: Yes
- Covered spaces: 6
- Uncovered spaces: 2
Lot
- Size: 0.26 Acres
- Dimensions: 80' x 144'
Details
- Parcel number: 16434003
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Painted, Stucco
Condition
- Year built: 2023
Utilities & green energy
- Electric: APS
- Sewer: Public Sewer
- Water: Individual Meter
Community & HOA
Community
- Features: No Pool
- Subdivision: TOWN HEIGHTS
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $438/sqft
- Tax assessed value: $1,668,800
- Annual tax amount: $11,957
- Date on market: 1/24/2026
- Listing terms: Conventional
- Ownership: Fee Simple
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/24/2026 | Listed for sale | $2,450,000+620.6%$438/sqft |
Source:  ARMLS #6974079 Report a problem | ||
| 4/30/2021 | Sold | $340,000+21.4%$61/sqft |
Source: Public Record Report a problem | ||
| 4/10/2018 | Sold | $280,000+460%$50/sqft |
Source: Public Record Report a problem | ||
| 4/12/2011 | Sold | $50,000-41.2%$9/sqft |
Source: ARMLS #4561799 Report a problem | ||
| 6/8/1998 | Sold | $85,000$15/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,957 +271.2% | $166,880 +225.5% |
| 2024 | $3,222 +2.7% | $51,270 +117.9% |
| 2023 | $3,135 +3.1% | $23,527 -33.1% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$13,869/mo
Principal & interest
$12174
Home insurance
$858
Property taxes
$837
Climate risks
Neighborhood: Camelback East
Nearby schools
GreatSchools rating
- 8/10Madison Heights Elementary SchoolGrades: PK-4Distance: 0.8 mi
- 5/10Madison #1 Elementary SchoolGrades: 5-8Distance: 1.3 mi
- 2/10North High SchoolGrades: 9-12Distance: 4 mi
Schools provided by the listing agent
- District: Madison Elementary District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
